503 8th Ave · Midfield, AL 35228

$99,900

3 bd · 1.0 ba · 1,218 sqft · SingleFamily public records · 33 Days on market

Built 1944 6,534 sqft lot $82/sqft · 15% above area Est $87k · 15% over

---

Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +27.6/30.0
• DSCR +9.7/10.0
• 1% rule +6.9/10.0
• Livability +3.2/5.0
• Appreciation +2.6/10.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Schools +0.7/10.0
• ARV discount +0.6/15.0

Listing remarks MLS

Turnkey investment opportunity! Tenant-occupied 3-bedroom home generating $1,130/month with lease in place. Interior updates have been completed, including flooring, paint, and kitchen/bath improvements, enhancing rental appeal and reducing near-term maintenance. Ideal for investors seeking immediate cash flow. Available individually or as part of a multi-property portfolio.

Key facts

• 6,534 sq ft lot
• Garage
• Built 1944

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $242 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $97k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 64/100 on livability (#164 in AL) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools F, amenities F, employment F.
• Midfield City (suburban): math 2% / reading 14% proficiency, ranked #126 of 129 in AL (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 83% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents soft (-1.5%/yr); 87 active listings in the ZIP; 35 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Jefferson County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 33 days — a 3% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 8y ago; this cycle's ask has dropped $11k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $59k; list at $100k implies a 69% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo; built in 1944 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $96,903 (3.0% below list)

Questions for the listing agent

1. It's been on market 33 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1944 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.19% ✓
• Cap rate: 9.87%
• Cash-on-cash: 12.76%
• DSCR: 1.57
• GRM: 7.0

CMA / ARV

• ARV (median comp): $86,644
• List price: $99,900
• Delta: 15.30%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
503 8th Ave	0.00mi	3/2.0	1,218 (0%)	0mo	$75,000	$62	96
1221 Carol Cir	0.40mi	3/1.0	1,200 (-2%)	2mo	$75,000	$63	77
703 11th Ave	0.22mi	4/1.0 (+1)	1,302 (+7%)	1mo	$80,000	$61	72
713 Westfield Dr	0.30mi	3/1.0	1,106 (-9%)	2mo	$104,000	$94	69
916 Oakview Cir	0.35mi	3/1.0	1,150 (-6%)	9mo	$62,000	$54	67
812 7th Ave	0.24mi	3/2.0	1,319 (+8%)	7mo	$179,000	$136	65
1010 7th Ave	0.33mi	3/2.0	1,321 (+8%)	11mo	$57,000	$43	58
907 7th St	0.14mi	2/1.0 (-1)	1,044 (-14%)	10mo	$56,500	$54	56
923 Woodward Rd	0.73mi	3/1.0	1,273 (+4%)	5mo	$65,000	$51	54
1401 Carol Cir	0.46mi	3/1.0	1,075 (-12%)	5mo	$105,000	$98	54
927 Woodward Rd	0.72mi	3/1.5	1,148 (-6%)	1mo	$40,000	$35	54
1131 Oak St	0.54mi	3/2.0	1,323 (+9%)	11mo	$175,000	$132	47

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -4.2%
• Equity multiple: 0.85×
• Total profit: $-4,247
• Equity at exit: $14,895

10-year hold

• IRR: 1.6%
• Equity multiple: 1.10×
• Total profit: $2,754
• Equity at exit: $8,638

Cash invested: $27,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Alabama: 90 Strongly Landlord-Friendly · R+15
• County: — inherits STATE
• City: — inherits STATE

Right-to-evict in 7 days for non-payment; no rent control; preempted statewide; courts move quickly.

Methodology + full state rankings →

ZIP-level market 35228

• Home prices YoY: -3.5%
• Rents YoY: -1.5%
• Active inventory: 87
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,190 high
• Mortgage (P&I): −$524
• Tax from tax record: −$77 /mo · $927/yr
• Insurance: −$42
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$250
• Net cashflow: $242

Break-even live

Break-even rent $884

Max offer price $99,900

Occupancy floor 75%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
617 8th Ave Birmingham, AL	4.0	2.0	1436	$1,350	$0.94	2d	1	0.10mi
616 Rutledge Dr Birmingham, AL	3.0	1.0	1416	$1,095	$0.77	21d	1	0.12mi
605 10th Ave Birmingham, AL	3.0	1.0	1060	$850	$0.80	44d	1	0.15mi
603 11th Ave Birmingham, AL	3.0	1.0	1289	$1,100	$0.85	44d	1	0.20mi
608 5th Ave Midfield, AL	3.0	1.0	1241	$795	$0.64	21d	1	0.22mi
806 12th Ave Birmingham, AL	3.0	1.0	1262	$1,075	$0.85	44d	1	0.30mi
1109 12th Ave Birmingham, AL	4.0	2.0	1217	$1,475	$1.21	3d	1	0.45mi
733 Glen Ridge Dr Fairfield, AL	3.0	1.0	1225	$1,378	$1.12	2d	1	0.52mi
832 Alden Ave Birmingham, AL	4.0	2.0	1231	$1,150	$0.93	24d	1	0.55mi
800 Fairfax Dr Fairfield, AL	4.0	2.0	1200	$1,650	$1.38	2d	1	0.55mi
222 4th Ave Birmingham, AL	3.0	1.0	1300	$1,050	$0.81	44d	1	0.57mi
80 Wilkes Cir Birmingham, AL	4.0	2.0	1078	$1,200	$1.11	14d	1	0.59mi
1401 9th Ave Birmingham, AL	3.0	2.0	1222	$1,200	$0.98	44d	1	0.59mi
63 Wilkes Cir Unit 1 Birmingham, AL	4.0	1.0	1164	$1,250	$1.07	44d	1	0.61mi
63 Wilkes Cir Birmingham, AL	4.0	1.0	1164	$1,200	$1.03	44d	1	0.61mi
226 3rd Ave Birmingham, AL	4.0	2.0	1248	$1,300	$1.04	44d	1	0.63mi
36 Wilkes Cir Birmingham, AL	2.0	1.0	762	$875	$1.15	44d	1	0.63mi
925 Woodward Rd Birmingham, AL	2.0	2.0	1104	$950	$0.86	44d	1	0.72mi
923 Woodward Rd Birmingham, AL	3.0	1.0	1273	$1,200	$0.94	24d	1	0.73mi
412 Fairfax Dr Unit 424-10 Fairfield, AL	3.0	1.5	1035	$1,275	$1.23	12d	1	0.73mi
412 Fairfax Dr Unit 444-12 Fairfield, AL	2.0	1.0	888	$910	$1.02	10d	1	0.73mi
412 Fairfax Dr Unit 400-1 Fairfield, AL	2.0	1.5	935	$1,175	$1.26	3d	1	0.73mi
412 Fairfax Dr Unit 424-3 Fairfield, AL	3.0	1.5	1035	$1,200	$1.16	10d	1	0.73mi
412 Fairfax Dr Unit 436-11 Fairfield, AL	2.0	1.5	935	$910	$0.97	10d	1	0.73mi
412 Fairfax Dr Unit 436-10 Fairfield, AL	2.0	1.0	888	$890	$1.00	10d	1	0.73mi
412 Fairfax Dr Unit 400-12 Fairfield, AL	2.0	1.0	888	$915	$1.03	10d	1	0.73mi
412 Fairfax Dr Unit 416-11 Fairfield, AL	2.0	1.5	935	$975	$1.04	3d	1	0.73mi
4506 Letson St Brighton, AL	3.0	2.0	1032	$1,200	$1.16	24d	1	1.26mi
1565 Miles St Dolomite, AL	3.0	2.0	1120	$1,175	$1.05	16d	1	1.27mi
5624 Cairo Ave Birmingham, AL	4.0	2.0	1386	$1,200	$0.87	44d	1	1.30mi
1254 Lewis St Brighton, AL	3.0	1.0	1200	$850	$0.71	44d	1	1.31mi
200 Woodward Dr Bessemer, AL	3.0	1.0	900	$1,123	$1.25	2d	1	1.34mi
6629 Grasselli Rd Fairfield, AL	4.0	1.0	1114	$1,295	$1.16	44d	1	1.38mi
216 Pine St Bessemer, AL	3.0	2.0	1000	$1,200	$1.20	44d	1	1.47mi
6516 Millard Fuller Rd Fairfield, AL	3.0	1.5	1120	$950	$0.85	3d	1	1.47mi

Listing history 16 events

1. 2026-05-13
   price $99,900 377-char remark

   Show marketing remark (377 chars)

   Turnkey investment opportunity! Tenant-occupied 3-bedroom home generating $1,130/month with lease in place. Interior updates have been completed, including flooring, paint, and kitchen/bath improvements, enhancing rental appeal and reducing near-term maintenance. Ideal for investors seeking immediate cash flow. Available individually or as part of a multi-property portfolio.

2. 2026-04-23
   listed $110,800 Active 377-char remark

   Show marketing remark (377 chars)

   Turnkey investment opportunity! Tenant-occupied 3-bedroom home generating $1,130/month with lease in place. Interior updates have been completed, including flooring, paint, and kitchen/bath improvements, enhancing rental appeal and reducing near-term maintenance. Ideal for investors seeking immediate cash flow. Available individually or as part of a multi-property portfolio.

3. 2023-09-29
   soldstatus $59,000 Sold 637-char remark

   Show marketing remark (637 chars)

   Check out this investment opportunity! This home is part of a 7-home portfolio offered together for $499,000. The possibilities and potential for these properties are endless. All properties are currently tenant occupied, and showings and inspection will be scheduled after the accepted offer. Please do not disturb the tenants. All properties are being sold As Is. The current rent for this property is $950/month. This is an awesome opportunity to add to your portfolio, which includes cash-flowing properties! Take a look at all of the homes in this portfolio! MLS: 1357373, 1357376, 1357379, 1357383, 1357386, 1357393 & 1357396

4. 2023-09-29
   soldstatus $118,000

   Show marketing remark (637 chars)

   Check out this investment opportunity! This home is part of a 7-home portfolio offered together for $499,000. The possibilities and potential for these properties are endless. All properties are currently tenant occupied, and showings and inspection will be scheduled after the accepted offer. Please do not disturb the tenants. All properties are being sold As Is. The current rent for this property is $950/month. This is an awesome opportunity to add to your portfolio, which includes cash-flowing properties! Take a look at all of the homes in this portfolio! MLS: 1357373, 1357376, 1357379, 1357383, 1357386, 1357393 & 1357396

5. 2023-08-10
   status Pending 637-char remark

   Show marketing remark (637 chars)

   Check out this investment opportunity! This home is part of a 7-home portfolio offered together for $499,000. The possibilities and potential for these properties are endless. All properties are currently tenant occupied, and showings and inspection will be scheduled after the accepted offer. Please do not disturb the tenants. All properties are being sold As Is. The current rent for this property is $950/month. This is an awesome opportunity to add to your portfolio, which includes cash-flowing properties! Take a look at all of the homes in this portfolio! MLS: 1357373, 1357376, 1357379, 1357383, 1357386, 1357393 & 1357396

6. 2023-07-11
   historical Contingent 637-char remark

   Show marketing remark (637 chars)

   Check out this investment opportunity! This home is part of a 7-home portfolio offered together for $499,000. The possibilities and potential for these properties are endless. All properties are currently tenant occupied, and showings and inspection will be scheduled after the accepted offer. Please do not disturb the tenants. All properties are being sold As Is. The current rent for this property is $950/month. This is an awesome opportunity to add to your portfolio, which includes cash-flowing properties! Take a look at all of the homes in this portfolio! MLS: 1357373, 1357376, 1357379, 1357383, 1357386, 1357393 & 1357396

7. 2023-06-19
   listed $71,285 Active 637-char remark

   Show marketing remark (637 chars)

   Check out this investment opportunity! This home is part of a 7-home portfolio offered together for $499,000. The possibilities and potential for these properties are endless. All properties are currently tenant occupied, and showings and inspection will be scheduled after the accepted offer. Please do not disturb the tenants. All properties are being sold As Is. The current rent for this property is $950/month. This is an awesome opportunity to add to your portfolio, which includes cash-flowing properties! Take a look at all of the homes in this portfolio! MLS: 1357373, 1357376, 1357379, 1357383, 1357386, 1357393 & 1357396

8. 2022-08-12
   price $950
9. 2019-04-10
   soldstatus $336,234
10. 2019-03-14
    soldstatus $208,000
11. 2018-08-15
    soldstatus $29,500 Sold
12. 2018-08-14
    historical
13. 2018-07-27
    price $35,000
14. 2018-06-22
    price $39,000
15. 2018-06-01
    price $44,000
16. 2018-04-19
    listed $49,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast AL · Resets to sale price

• Current annual tax: $927 · $77/mo
• Projected year-2 tax: $927 · $77/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X (unshaded) · 77% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥108°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,282
• − Mortgage interest: −$5,596
• − Property taxes: −$927
• − Insurance: −$1,166
• − Repairs & maintenance: −$1,143
• − Management: −$1,143
• − Depreciation: −$2,906
• Taxable income: $1,401
• Est. tax owed @ 24.0%: −$336
• After-tax cash flow: $2,566/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Midfield City
• NCES district ID: 0102350
• Math proficiency: 2% ▼ -18.00%
• Reading proficiency: 14% ▼ -5.00%
• Median HH income: $39,267
• Composite: 6.89/100
• National rank: #9978
• State rank: #126 of 129 in AL

Livability — Midfield

• Score: 64/100
• State rank: #164
• US rank: #14536

Category grades

Amenities F Commute A+ Cost of living A+ Crime B- Employment F Housing A+ Health & safety F User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Midfield, AL
• County: Jefferson County · 527,445 people
• City population: 10,216
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 10,216
• Household income: $50,815
• Rent vs Own: 41.2% rent · 58.8% own
• Severe rent burden: 456.0

Population outlook (Jefferson County) Hauer SSP2

• Today (2025): 669,185 people
• By 2030: 669,694 · +0.1%
• By 2040: 661,388 · -1.2%
• By 2050: 643,086 · -3.9%
• By 2075: 577,267 · -13.7%
• By 2100: 474,758 · -29.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (89%)
• Race & ethnicity: Black 89% Hispanic / Latino 5% Two or more races 5% White 5%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 5%

Political lean MEDSL · Jefferson

• 2024 margin: D (+10.4) · D 54.6% · R 44.2% · Other 1.2%
• 2008→2024 swing: +5.4pp toward D · 2008: 5.1pp · 2024: 10.4pp
• All cycles: 2024: D+10.4 2020: D+13.2 2016: D+7.2 2012: D+6.0 2008: D+5.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -4.84%
• Current HPI: 134.8633
• Rent YoY: ▼ -1.47%
• Metro: Birmingham-Hoover, AL
• State GDP YoY: ▲ 2.94%
• F500 in state: 4

Industry mix (Fortune 500 HQ in AL)

Industry	F500 HQs	Revenue
▸Financial Services	1	$8B
▸Healthcare	1	$5B

Price history

+103.9% since first listed

16 events — show timeline

• 2026-05-13 Price Changed $99,900 Greater Alabama MLS
• 2026-04-23 Listed $110,800 Greater Alabama MLS
• 2023-09-29 Sold (Public Records) $118,000 Public Records
• 2023-09-29 Sold (MLS) $59,000 Greater Alabama MLS
• 2023-08-10 Pending — Greater Alabama MLS
• 2023-07-11 Contingent — Greater Alabama MLS
• 2023-06-19 Listed $71,285 Greater Alabama MLS
• 2022-08-12 Price Changed $950 RENT.
• 2019-04-10 Sold (Public Records) $336,234 Public Records
• 2019-03-14 Sold (Public Records) $208,000 Public Records
• 2018-08-15 Sold (MLS) $29,500 Greater Alabama MLS
• 2018-08-14 Delisted — Greater Alabama MLS
• 2018-07-27 Price Changed $35,000 Greater Alabama MLS
• 2018-06-22 Price Changed $39,000 Greater Alabama MLS
• 2018-06-01 Price Changed $44,000 Greater Alabama MLS
• 2018-04-19 Listed $49,000 Greater Alabama MLS

Property tax history

+0.2%/yr

Latest (2025): $927 · -13.0% YoY. Source: county tax records.